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  • Life Insurance Exam [National] 07 – Unfair Claims Settlement Practices Explained

    Life Insurance Exam [National] 07 – Unfair Claims Settlement Practices Explained
    Jan 13 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam real estate exam. In this episode you will learn: • How to identify the misrepresentation of policy provisions designed to avoid paying valid claims. • The legal requirements for insurers to acknowledge and respond to claim communications promptly. • Why denying a claim without a thorough and documented investigation is an unfair trade practice. • The definition of compelling litigation and how lowball settlement offers trigger regulatory violations. • The necessity of providing clear and specific explanations for every claim denial issued to a beneficiary. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep
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    5 Min.
  • Life Insurance Exam [National] 06 – Unfair Trade Practices Explained

    Life Insurance Exam [National] 06 – Unfair Trade Practices Explained
    Jan 12 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Life Insurance Exam. In this episode you will learn: • The critical differences between twisting and churning for replacement scenarios. • How to identify misrepresentation and defamation in exam-style vignettes. • The legal definition of rebating and prohibited inducements. • Why actuarial discrimination is legal while unfair discrimination is prohibited. • The regulatory consequences of violating the NAIC Model Law. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep
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    4 Min.
  • Life Insurance Exam [National] 05 – Continuing Education Requirements Explained

    Life Insurance Exam [National] 05 – Continuing Education Requirements Explained
    Jan 11 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam. In this episode you will learn: • Producers must complete 24 hours of CE every biennial renewal period. • A minimum of 3 ethics-specific hours is required as part of the total 24-hour mandate. • Specialized products like annuities and long-term care require unique certification and refresher courses. • Licensees are personally responsible for tracking and verifying that their CE credits are reported to the state. • Failure to meet CE deadlines results in a lapsed license and the immediate prohibition of insurance transactions. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep
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    5 Min.
  • Life Insurance Exam [National] 04 – Lines of Authority and License Types Explained

    Life Insurance Exam [National] 04 – Lines of Authority and License Types Explained
    Jan 10 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam Life Insurance exam. In this episode you will learn: • The critical distinctions between Life and Accident and Health lines of authority. • The dual-registration requirements involving FINRA for Variable products. • How the exam differentiates between Property damage and Casualty liability. • The commercial restrictions inherent in the Personal Lines license. • Using the LAP CVP mnemonic to master the major lines of authority. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep
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    4 Min.
  • Life Insurance Exam [National] 03 – Producer Licensing Requirements Explained

    Life Insurance Exam [National] 03 – Producer Licensing Requirements Explained
    Jan 9 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam real estate exam. In this episode you will learn: • The mandatory minimum age of 18 and the requirement for state-approved pre-licensing education. • The role of background checks and fingerprinting in vetting an applicant's financial integrity and criminal history. • How the National Insurance Producer Registry (NIPR) functions as the central hub for license applications. • The legal distinctions between resident and non-resident licenses and the principle of reciprocity. • Important timelines and sequence requirements including the 90-day move rule and the P-E-A-B mnemonic. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep
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    4 Min.
  • Life Insurance Exam [National] 02 – Types of Insurance Organizations Explained

    Life Insurance Exam [National] 02 – Types of Insurance Organizations Explained
    Jan 8 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam real estate exam. In this episode you will learn: • The critical ownership and taxation differences between stock companies and mutual companies. • How to identify fraternal benefit societies through keywords like lodge system and nonprofit status. • The specific role of an attorney-in-fact in managing unincorporated reciprocal insurers. • Why Lloyd’s associations are classified as syndicates of underwriters rather than traditional insurance carriers. • How to navigate exam questions regarding the election of the board of directors for different organization types. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep
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    4 Min.
  • Life Insurance Exam [National] 01 – NAIC and Model Laws Explained

    Life Insurance Exam [National] 01 – NAIC and Model Laws Explained
    Jan 7 2026
    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam Life Insurance exam. In this episode you will learn: • The definition of the NAIC as a voluntary organization coordinating state-based regulation. • The difference between NAIC model laws and actual state legislative mandates. • How the NIPR and Producer Database facilitate interstate licensing and regulatory transparency. • The role of the NAIC in setting uniform financial reporting and solvency standards. • Critical exam traps regarding the NAIC’s lack of federal authority and enforcement power. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep
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    5 Min.
  • Life Insurance Exam [National] 00 – State Insurance Commissioner Explained

    Life Insurance Exam [National] 00 – State Insurance Commissioner Explained
    Jan 4 2026

    This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam. In this episode you will learn: • The critical distinction between the Commissioner's administrative rule-making and the state legislature's law-making. • Why financial examinations occur at least every five years to ensure insurer solvency and policyholder protection. • The definition and weight of a Cease and Desist order during regulatory enforcement and investigations. • The three-pronged legal standard for insurance rates: they must not be excessive, inadequate, or unfairly discriminatory. • How to use the R-I-P-E mnemonic to quickly recall the core duties of the state regulatory office. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep
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    4 Min.